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SORACOM Achieves Solid Q1 Growth, Optimistic FY2025 Outlook

SORACOM Achieves Solid Q1 Growth, Optimistic FY2025 Outlook

SORACOM,INC. (JP:147A) has released an update.

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SORACOM, INC., listed on the Tokyo Stock Exchange, reports consolidated net sales of 1,891 million yen and an operating profit of 94 million yen for the first quarter ending June 30, 2024, with a significant increase in capital adequacy ratio from 75.5% to 82.8% compared to the previous quarter. The company did not pay dividends for the end of the first quarter, and forecasts a 25% increase in net sales to 9,912 million yen and a profit per share of 15.87 yen for the fiscal year ending March 31, 2025.

For further insights into JP:147A stock, check out TipRanks’ Stock Analysis page.

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